Fabege’s long-term target for a loan-to-value ratio of a maximum of 60
per cent has now been changed to not exceed 55 per cent.

“We are reducing our financial risk and strengthening the balance sheet,
thereby generating favourable prerequisites in order to capitalise on
the potential opportunities in the market,” says Christian Hermelin, CEO
of Fabege.

Furthermore, Fabege is increasing the ambition for one of its most
important operational targets, the surplus ratio. From previously
amounting to 70 per cent, the surplus ratio is to amount to 75 per cent
within a five-year period.

“The surplus ratio has steadily improved in recent years and our new
target is in line with the engagement in a structured customer effort.
We aim to reduce vacancies and also continue to focus on
cost-effectiveness. The fact that many customers choose to remain in our
premises, combined with an increasingly modern portfolio, means that we
are now ready for a more vigorous target for a higher surplus ratio,”
continues Christian Hermelin, CEO of Fabege.

Fabege AB (publ)

This constitutes information that Fabege AB (publ) is legally obliged to
publish under the Securities Market Act and/or the Financial Instruments
Trading Act. The information was released for publication at the time as
above.

Fabege AB (publ) is one of Sweden’s leading property companies
focusing mainly on letting and managing office premises and property
development. Fabege owns properties with a carrying amount of SEK
37.6bn. The property portfolio is concentrated in the Stockholm region
and has an annualised rental value of SEK 2.2bn and a lettable area of
1.1m sqm. Fabege’s shares are listed on Nasdaq Stockholm, Large Cap
segment. For more information, visit fabege.se